Norfolk, Virginia
Norfolk, an independent city with no county, assesses $30.4 billion of taxable property and a further $14.4 billion that is exempt, a third of the base, led by the Navy. The City's open data names the owner of record, last sale price, grantor and grantee for every parcel, updated daily.
12 buildings · 12 with an owner established · 19 sources · 6 tier A · 6 tier B · prepared 2026-10-14
Can you find out who owns it?
Virginia records title by deed, and Norfolk, an independent city, keeps its own deeds at the Norfolk Circuit Court Clerk. Remote access to the Clerk's land records is by subscription only, $50 a month or $600 a year; inspection at the Clerk's office is free and copies cost 50 cents a page. The City Real Estate Assessor values every parcel at market value each 1 July and publishes the whole roll on data.norfolk.gov, refreshed daily: owner of record, assessed values, and the most recent sale with its price, grantor, grantee and deed number. Virginia law makes every deed state its consideration on the first page.
Is ownership public?An open dataset names the owner
Cost of one title searchOwner of record free in the Assessor's daily open dataset (and per parcel on Norfolk AIR). Deeds: Circuit Court Clerk Secure Remote Access by subscription only, $50.00 per month or $600.00 per year; copies $0.50 a page, certified $2.00 plus $0.50 a page
Bulk ownership datadata.norfolk.gov 'Property Assessment and Sales - FY27' (Socrata qva7-tzrf), free CSV/API, updated daily from the Assessor's ProVal database: owner, address, class, acreage, land/improvement/total value, last transfer date, grantor, grantee, consideration, document number. FY19-FY26 editions also kept
Sale pricesEvery sale, with its address
Sites that forbid taking their data
- norfolkcircuitcourt.us (Secure Remote Access to land records) — “This service is a convenience and is therefore available ONLY by subscription ... and is governed by the subscriber agreement.”
1
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Dominion Tower (999 Waterside) 999 Waterside Drive, Downtown Norfolk 421,856 sq ft (Assessor, office building; second structure 443,172 sq ft, 1988) |
Office | Hertz Norfolk 999 Waterside, LLC 100% (owner of record) The Assessor's FY27 open dataset names Hertz Norfolk 999 Waterside, LLC as owner of record of parcel 32757306 (2.64 acres, class 449 office over 4 storeys, built 1987). The most recent transfer is recorded on 21 Dec 2018 at a consideration of $79,000,000 from Dominion Tower, LP, document 180025461. Assessed at $72,698,300 for 1 July 2026 (land $8,618,800). The record lists a second structure of 443,172 sq ft built 1988 on the same parcel; no document opened says what it is. No later transfer, foreclosure or trustee's deed appears on the parcel. |
Private company | $79,000,000 2018-12 Consideration on the last recorded transfer, 21 Dec 2018, doc 180025461, grantor Dominion Tower, LP (Assessor open data). A |
| Wells Fargo Center (440 Monticello, office tower unit) 440 Monticello Avenue, Unit 2A, Downtown Norfolk about 280,000 sq ft across six structures on unit 2A (Assessor) |
Office | Aurora Tower LLC Office condominium unit 2A Downtown Norfolk Council places the 255,000 sq ft 'Wells Fargo Center' at 440 Monticello Ave (s8). The Assessor records it as a condominium on 'Parcel A, Wachovia Center'. Unit 2A, the office tower, has been held by Aurora Tower LLC since 12 Jun 2026, bought for $8,000,000 from SLNWC Office Company LLC (doc 260011298) and assessed at $46,812,100. The Assessor's 2026 Annual Report says a downtown office building assessed at about $46.8 million 'was purchased at foreclosure for $8,000,000', 54.41% occupied at sale; the $46,812,100 figure matches. Unit 1 is City of Norfolk. |
Private company | $8,000,000 2026-06 Forced sale, recorded 12 Jun 2026, doc 260011298; grantor SLNWC Office Company LLC. Assessed $46,812,100. B |
| Three Commercial Place (former Norfolk Southern headquarters) 3 Commercial Place, Downtown Norfolk 396,823 sq ft across three condominium units (Assessor) |
Office | TowneBank (unit B); Children's Hospital of The King's Daughters, Inc. (units A and C) Condominium: TowneBank unit B, 186,138 sq ft; CHKD units A (158,764) and C (51,921) Virginia Business reported in June 2020 that TowneBank and Children's Hospital of The King's Daughters bought the 22-storey Norfolk Southern tower jointly as McKinnon Tower LLC for $30 million, citing City documentation; Norfolk Southern had paid $32.8 million in 1998 (s9). The Assessor's FY27 dataset now splits parcel 77-A-2 into three condominium units, all transferred on 30 Jun 2020 at $0 under doc 200014683. Unit B is TowneBank ($35,987,700); units A ($26,623,400) and C ($9,014,000) are Children's Hospital of The King's Daughters, Inc. Owners: Assessor (s1); price: s9. |
Institution | $30,000,000 2020-06 Virginia Business, citing City of Norfolk documentation; bought jointly as McKinnon Tower LLC. The buyers and Norfolk Southern did not confirm it. B |
| Two Commercial Place 2 Commercial Place, Downtown Norfolk 356,598 sq ft (Assessor); 289,000 sq ft rentable (OPI) |
Office | Opi Notex Properties LLC (Office Properties Income Trust) 100% The Assessor's dataset names Opi Notex Properties Llc as owner of parcel 77-A-1 (1.84 acres, built 1974, assessed $52,372,400), moved from Opi Notex Holdings Trust on 20 Jun 2024 for $10 (doc 240009980). Office Properties Income Trust's 2025 10-K lists 'Two Commercial Place, Norfolk, VA' in Schedule III, acquired 31 Dec 2018, with a gross carrying amount of $27.1M (s15). Its Q2 2026 supplemental shows the building 100% occupied, with 1.0 year of weighted remaining lease term (s16). OPI filed for Chapter 11 on 30 Oct 2025, and its plan was confirmed on 22 Apr 2026 (s15). Schedule III note (8) lists it as first-lien collateral for OPI's September 2029 notes. No price is given. |
REIT | —B |
| MacArthur Center 300 Monticello Avenue, Downtown Norfolk 906,549 sq ft (Assessor, main parcel) |
Retail | City of Norfolk The Assessor's dataset records the mall parcel ('Parcels M & S3, MacArthur Ctr', 8.38 acres, 906,549 sq ft, built 1999) with owner 'City Of Norfolk - Lessee', class 611, last transfer 23 Jul 2023 at $0. The garages at 200 Monticello Ave and 301 Cumberland St are City of Norfolk too. WHRO reported the 2023 purchase, after Starwood Capital, which bought in 2014 for $265 million, defaulted in 2019 (s10). The City announced closure by 30 Jun 2026 (s11); WHRO says it closed on 27 Jun 2026, with Hg80 Real Estate as master developer and demolition from late 2027 (s12). |
Government | about $18 million all-in 2023-06 WHRO: Council approved the purchase 7-1 on 7 Jun 2023; officials said it would cost 'about $18 million when all is said and done'. Not a deed consideration. B |
| Scope Arena and Chrysler Hall (Cultural Center) 201 E Brambleton Avenue (Scope) and St Pauls Boulevard (Chrysler Hall), Downtown Norfolk 192,422 sq ft (1971) and 46,553 sq ft (1972) structures (Assessor) |
Civic | City of Norfolk 100% Parcel 79910410, '762.62 Ft Cultural Center', 10.70 acres, is owned of record by City Of Norfolk (class 611, acquired 5 Apr 1968 at $0, assessed $87,704,900). The record lists two non-taxable structures, of 192,422 sq ft (built 1971) and 46,553 sq ft (1972). Downtown Norfolk Council gives Scope's address as 201 E Brambleton Ave and Chrysler Hall's as 215 St Pauls Blvd (s8). The City's SevenVenues department runs both from Scope (s13). The Assessor's file has no separate parcel at 215 St Pauls Blvd, so assigning Chrysler Hall to this parcel is a match, not a stated fact. |
Government | —B |
| Harbor Park (baseball) and Norfolk casino site 150 Park Avenue (Harbor Park); 200 Park Avenue (casino) 19.99 acres; stadium structure 352,170 sq ft (1993) |
Civic | City of Norfolk 100% of the stadium parcel Harbor Park's parcel, 150 Park Ave ('Parcel A3-X', 19.99 acres), is owned of record by City Of Norfolk, class 611, assessed at $35,949,200, with a 352,170 sq ft structure built 1993. Next door, 200 Park Ave ('Parcel A1', 7.05 acres) is held by Boyd Gaming Corporation, bought on 19 Feb 2025 for $10,054,917 from Golden Eagle Consulting II, LLC (doc 250002738). A 9.14-acre leasehold is assessed to 'Norfolk Tides - Lessee'. Boyd's 10-Q says the land was purchased on 14 Feb 2025, that Boyd develops and manages the casino for the Pamunkey tribal gaming authority, and that the transitional casino opened on 7 Nov 2025 (s14). |
Government | —A |
| Waterside District 333 Waterside Drive, Downtown Norfolk 125,648 sq ft (fee parcel); 120,229 sq ft leasehold |
Retail | Norfolk Redevelopment and Housing Authority (fee); Norfolk District Assoc LLC (leasehold) NRHA fee simple; private leasehold on 2.24 acres The Assessor's dataset holds the land as 'Parcel R-1-B & Part Of Closed Atlantic Street' (4.57 acres), owner NRHA, conveyed from the City of Norfolk on 13 Dec 2013 at $0 (doc 130032860), assessed $25,957,100, class 621 NRHA General Municipal. A separate taxable record, 'Parcel R-1-B & R-2-B, Waterside Leasehold' (class 451 Commercial Leasehold), is assessed at $12,760,200 to Norfolk District Assoc LLC. The neighbouring 201 and 251 Waterside Dr are City of Norfolk. This is the case the brief describes: a public authority holds title and a private lessee's interest is taxed separately. |
Government | —A |
| Naval Station Norfolk Admiral Taussig Boulevard and Hampton Boulevard, Sewells Point about 14,000 acres in six federal parcels (Assessor, incl. water area) |
Institutional | United States of America (Department of the Navy) 100% The Assessor's dataset records six federal parcels on Admiral Taussig Blvd and Hampton Blvd with owner 'U S A' or 'Us Gov', class 601 Federal General Municipal: 2,301.65 acres ($1.61B), 223 acres ($1.06B), 3,436.58 acres ($973M), 7,000 acres ($876M), 146 acres ($753M) and 1,190.45 acres ($503M). The acreages are as recorded and likely include submerged land. The Annual Report warns that the value of 'property owned by the Federal Government located on Naval Station Norfolk is purely an estimate as the assessor's office lacks jurisdiction'. Recorded at $0 on 1 Jul 1982. |
Government | —A |
| Norfolk International Airport 2200 Norview Avenue 947.43 acres; terminal and other structures, 46 buildings (Assessor) |
Institutional | Norfolk Airport Authority 100% Parcel 84605000, 947.43 acres, owner of record Norfolk Airport Authority since 30 Jun 1989 ($0, a transfer between public bodies), class 636 'A Air', assessed $607,383,400 (land $88,060,200). The record lists 46 structures, the largest built 1986 (1,957,541 sq ft) and 2022 (1,036,072 sq ft). The Annual Report puts the Authority's 13 exempt parcels at $619,123,400. |
Government | —A |
| Norfolk International Terminals 7737 Hampton Boulevard 842.34 acres plus a 27.56-acre office parcel (Assessor) |
Industrial | Commonwealth of Virginia (Virginia Port Authority) 100% The Assessor's dataset records 'NIT Terminals, 842 Ac M/L' with owner Commonwealth Of Va, class 609 State Port Authority, assessed $340,930,400 (land $256,846,600), and the 'NIT Office Parcel' at 1431 Terminal Blvd, 27.56 acres, $14,472,100. The Annual Report lists Virginia Port Authority at 5 exempt parcels, $367,082,400. The terminal operator is not named in the record. |
Government | —A |
| 150 West Main (office tower) 150 W Main Street, Unit 2, Downtown Norfolk 251,984 sq ft (Assessor) |
Office | KDI Norfolk 150 W Main Owner LLC Condominium unit 2 (office); unit 1 (garage) City of Norfolk Unit 2 of 'Parcel A 0.957 Ac', 251,984 sq ft, built 2002, is held by KDI Norfolk 150 W Main Owner LLC, which bought it on 24 Aug 2026 for $26,000,000 from 150 Owner LLC (doc 260016364); assessed $43,401,200. The Annual Report says 'Another downtown office building was just sold for $26 million as compared to our assessment of $43.3 million'; the match is by price and the Report does not name the building. Unit 1 of the same parcel (334,171 sq ft, built 2002) is City of Norfolk, conveyed from the Industrial Development Authority in Dec 2001. |
Private company | $26,000,000 2026-08 Recorded 24 Aug 2026, doc 260016364, grantor 150 Owner LLC. Assessed $43,401,200. B |
2
The core land
The most valuable ground in the city, and what the public record says about it.
Norfolk assesses every parcel at market value each 1 July. The 2026 Annual Report (data effective 1 Jul 2026) gives the shape of the roll, and the Assessor's FY27 open dataset, read on 14 Oct 2026, gives single parcels. The most valuable ground is federal: the Naval Station's parcels dwarf anything taxable. Downtown (ZIP 23510) is where the office market's distress shows. The Report records flat commercial values, a foreclosure sale at 17% of assessment and a second tower sold at 60%.
Taxable real estate (2026 Land Book, 68,202 parcels)$30.44B
Annual Report 2026: $30,441,553,100, up 3.66%. Residential is 60.67% of value, apartments 14.17%, general commercial 10.05% and office buildings 4.41% ($1.34B over 345 parcels).
Exempt real estate (4,302 parcels)$14.35B, 32.04% of the total
Annual Report 2026: federal $6.24B, City of Norfolk $3.23B, Secular organisations $903M, Religious $766M, ODU $641M, Norfolk Airport Authority $619M, NRHA $594M, Commonwealth $455M, Virginia Port Authority $367M, NSU $311M, regional bodies $228M.
Highest-valued parcel$1.61B
0 W Admiral Taussig Blvd, Naval Station Norfolk, owner 'U S A', 2,301.65 acres (FY27 dataset). The Assessor calls Naval Station values 'purely an estimate'.
Highest-valued taxable parcel$123.1M
6201 E Virginia Beach Blvd, owner Mpb, Inc, 281,816 sq ft medical office, built 2019. Next: 1 Colley Ave (retirement community, $112.7M) and 801 Southampton Ave ($99.1M) (FY27 dataset).
Downtown ZIP 23510, taxable$2.43B on 1,707 parcels
Sum of FY27 total values for taxable classes with property ZIP 23510. Including exempt parcels the ZIP totals $4.19B on 1,947 parcels and 668 acres. Computed here from the open dataset, 14 Oct 2026.
Transfers FY2025-266,539 transfers, $1.76B consideration
Annual Report 2026. Foreclosures rose from 88 to 174, with an assessment-to-price ratio of 1.98, driven by the downtown office foreclosure.
Transfer taxes on a saleState 25c per $100 + City one-third of state; grantor tax 50c per $500
Code of Virginia 58.1-801: 25 cents per $100 of consideration or actual value, whichever is greater. The Norfolk Circuit Court list of fees gives the City tax as '1/3 of state tax' and the grantor's tax as '$1.00 per $1,000.00'. 58.1-802 bars recording a deed unless its consideration is stated on the first page.
3
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
Norfolk is a city where a third of the property cannot be taxed. The Assessor counts 4,302 exempt parcels worth $14.35 billion, 32.04% of the whole base. The federal government's Naval Station Norfolk is the largest holding by both value and area. The City of Norfolk is second, followed by its housing authority (NRHA), the airport and port authorities, and the two state universities. Two hospital systems, Sentara and Children's Hospital of The King's Daughters, are the largest private exempt owners. Acreage here is the Assessor's own 'Acreage' field summed by the exempt class codes in the FY27 open dataset. It includes recorded submerged land, so the federal figure is an upper bound and the shares are not of dry land.
| Name | Type | Holdings (Assessor, 2026) |
|---|---|---|
| United States of America (Department of the Navy and other agencies) Annual Report 2026: Federal Government 93 parcels, $6,242,296,900, and 'the property owned by the Federal Government located on Naval Station Norfolk is purely an estimate as the assessor's office lacks jurisdiction'. In the FY27 dataset, federal classes 600-602 cover 98 parcels and 15,524 recorded acres. The six Naval Station parcels on Admiral Taussig and Hampton Blvd alone are recorded at about 14,300 acres and $5.77B. Other federal owners named in the file include the Secretary of Veterans Affairs (26 parcels) and the U.S. Postal Service. |
Government | 93 parcels, $6.24B; about 15,500 acres recordedA |
| City of Norfolk Annual Report 2026: City of Norfolk 1,494 exempt parcels, $3,226,206,200. In the FY27 dataset's City classes (610-619): vacant land 1,061 parcels, parks and golf 196 parcels (1,191 acres, including the Botanical Garden and Zoo leaseholds), and schools 54 parcels. City property includes MacArthur Center, Scope and the Cultural Center, Harbor Park, and the garage units at Wells Fargo Center and 150 W Main. The Report notes a City 'work group' merging City-owned vacant parcels and conveying 'gem lots' to taxable owners. |
Government | 1,494 parcels, $3.23B; about 3,560 acresA |
| Norfolk Public Schools (titled to the City of Norfolk) The FY27 dataset's class '613 Norfolk City Schools' has 54 parcels, 52 of them owned of record by City Of Norfolk and 2 by the School Board of the City of Norfolk, assessed at $1,077,670,300 over 751 acres. School buildings are therefore City title. The Annual Report counts them within 'City of Norfolk' rather than separately. |
Government | 54 parcels, $1.08B; 751 acresA |
| Norfolk Redevelopment and Housing Authority (NRHA) Annual Report 2026: NRHA 775 exempt parcels, $594,134,300. In the FY27 dataset, NRHA classes 620-622 hold 772 parcels and 492 acres. About 270 residential parcels in class 622 are recorded to limited partnerships named 'TCB Marshall Manor' and 'TCB Bowling Green' (I-IV), and others to NRHA-affiliated partnerships (North Wellington, Grandy Village, Diggs Town). These are the private or affiliated partnerships behind redevelopment on authority land. NRHA also holds the fee under Waterside (333 Waterside Dr), where a private lessee is taxed separately. |
Government | 775 parcels, $594M; about 490 acresA |
| Norfolk Airport Authority Annual Report 2026: 13 parcels, $619,123,400. The airport parcel at 2200 Norview Ave is 947.43 acres and $607,383,400 on its own. |
Government | 13 parcels, $619M; 979 acresA |
| Virginia Port Authority / Commonwealth of Virginia (Norfolk International Terminals) Annual Report 2026: Virginia Port Authority 5 parcels, $367,082,400. The dataset's class 609 'State Port Authority' has three parcels recorded to Commonwealth of Va and two to Virginia Port Authority. NIT's main 842-acre parcel is one of them. |
Government | 5 parcels, $367M; 906 acresA |
| Old Dominion University (Visitors of ODU) and its real estate foundation Annual Report 2026: Old Dominion University 264 parcels, $641,089,300. The dataset's ODU classes record owners such as 'Visitors Of O D U' (110 parcels), 'Old Dominion University', 'Old Dominion College' and 41 parcels titled 'College Of William & Mary', which the file does not explain. Old Dominion University Real Estate Foundation holds a further 14 or so parcels, some taxable. |
Government | 264 parcels, $641MA |
| Norfolk State University (Visitors of NSU) Annual Report 2026: Norfolk State University 23 parcels, $311,349,100. The largest is 2783 Middle Towne Cres, 55.1 acres, $172,890,900, recorded to 'Comm Of Va'. NSU-affiliated foundations (Enterprise & Empowerment Fdtn NSU, NSUF Holdings LLC) hold further small parcels. |
Government | 23 parcels, $311MA |
| Sentara Health System In the FY27 dataset, Sentara Health System owns of record 600 Gresham Dr (24.97 acres, $212,381,800, class 695 Secular Health Care). It also owns 830 Kempsville Rd (23.96 acres, $56,309,400) and smaller parcels, two as lessee. |
Institution | 13 parcels, $273M; 55 acresA |
| Eastern Virginia Medical School (as recorded) The dataset's EVMA classes (660, 667) record 15 parcels to Eastern Virginia Medical School, plus Eastern Virginia Medical Auth and one ODU parcel, together $291,348,900. They include 601 Colley Ave ($96,294,900) and 735 Fairfax Ave ($84,507,100). The owner field still reads 'Eastern Virginia Medical School'; any later change of title is not in this file. |
Institution | 17 parcels, $291M; 24 acresA |
| Children's Hospital of The King's Daughters, Inc. (CHKD) Recorded as CHKD Inc, Chkd, or Children's Hospital of The King's Daughters, Inc. The holdings include the 2020 tower at 401 Gresham Dr ($108,907,200), 601 Childrens La ($80,803,000), and units A and C of Three Commercial Place. |
Institution | 12 parcels, $243MA |
| Hampton Roads Sanitation District (HRSD) The dataset's HRSD classes (650-656) hold 33 parcels, $75,990,500, 42.3 acres, under several spellings. The largest single HRSD parcel is 4201 Powhatan Ave (24.68 acres, $70,859,200). |
Government | 33 parcels in HRSD classes, $76M; plus 4201 Powhatan AveA |
| Norfolk Southern (Railway) Recorded as 'Norfolk Southern' and 'Norfolk Southern Railroad'. The largest are three industrial parcels on Orapax St (82.0, 21.7 and 7.4 acres; $72.5M together). Seven small parcels sit in class 624 'SCC Properties'. Whether the file covers all rail right-of-way was not established, so this is a floor. |
Public company | 12 parcels, $74M; 119 acresA |
| Dominion Energy Virginia (recorded as 'Dominion Power' / 'Virginia Power') The FY27 dataset records 33 parcels to 'Dominion Power' (most in class 644 Public Utility), assessed at $15,176,700 over 54.5 acres, and one to 'Virginia Power'. Whether all utility property is on the City's roll was not established, so this is a floor. |
Public company | 34 parcels, $16M; 55 acresB |
5
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
Norfolk is almost fully built, and new housing comes in two forms: infill single-family homes from local builders, and apartment blocks. The apartments have collapsed. Census permits for buildings of 5+ units fell from 1,170 units in 2021 to 1,104 in 2023, 273 in 2024 and 9 in 2025. Single-family permits went from 303 in 2021 and 319 in 2023 to 145 in 2024 and 143 in 2025. The Assessor counted 114 new dwellings and 8 completed apartment properties in the year to 1 Jul 2026. The redevelopment of the St. Paul's area (Kindred) on City and NRHA land shows as private leaseholds in the roll: 'TWG Phase A, LLC - Lessee', 'Block 17 & 18 Commercial, LLC - Lessee' and 'Block 20, L.P. - Lessee'. Builder figures below count new homes (built 2022 or later) whose most recent recorded sale has the builder as grantor in the Assessor's dataset. The file keeps only the latest sale per parcel, so these are floors.
| Name | Type | New homes sold, built 2022+ (Assessor) |
|---|---|---|
| All builders (Census permits) Census Building Permits Survey, Norfolk city: one-unit permits 303 (2021), 255 (2022), 319 (2023), 145 (2024), 143 (2025, $23.1M). Units in 5+ unit buildings: 1,170, 951, 1,104, 273 and 9. The Census file does not name builders. |
Private company | 143 single-family + 9 units in 5+ buildings (2025)A |
| EDC Homes (EDC Homes I, LLC and related entities) 104 parcels with homes built 2022 or later where the latest recorded sale's grantor is an 'EDC Homes' entity (EDC Homes I, LLC; EDC Homes-The Tern, LLC), about 20 a year from 2022 to 2026, at a median consideration of $482,500. Fifteen parcels are still held by EDC entities. The file does not state who is behind the entity. |
Private company | 104 homesA |
| NVR, Inc. (Ryan Homes) 38 homes built 2022 or later sold by 'NVR, Inc' in 2023 (25) and 2024 (13), median consideration $344,990. None recorded since and none still held. NVR's own filings were not opened for Norfolk. |
Public company | 38 homesA |
| Homefront Builders Inc 22 homes built 2022 or later with Homefront Builders Inc as grantor of the latest sale (2022-2026), median $442,000. It holds 8 parcels of record. |
Private company | 22 homesA |
| Athena Homes & Acquisitions LLC 20 homes built 2022 or later, median $439,800. Holds 14 parcels of record. |
Private company | 20 homesA |
| Asfari Homes, Inc 17 homes built 2022 or later, median $615,900, the highest of the group. Holds 21 parcels of record. |
Private company | 17 homesA |
| Signature Home Builders Inc 16 homes built 2022 or later, median $440,900. |
Private company | 16 homesA |
6
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Norfolk's commercial property is held mostly through single-asset LLCs, and the Assessor's roll names them all. Few listed landlords appear. Simon holds the outlet centre and Office Properties Income Trust one downtown tower, while the downtown office market has repriced through forced and discounted sales. The Assessor reported commercial taxable value flat (+0.14%) for 2026, a downtown office tower bought at foreclosure for $8M against a $46.8M assessment, another sold at $26M against $43.3M, and a downtown hotel in special servicing with a receiver appointed. Figures are the Assessor's FY27 values unless stated.
| Name | Type | Norfolk holding |
|---|---|---|
| Mpb, Inc Owner of record (as 'Mpb, Inc' and 'Mpb Inc') of 17 parcels, the largest commercial-class holding in the FY27 dataset. They include 6201 E Virginia Beach Blvd (11.72 acres, 281,816 sq ft medical office, built 2019, $123,110,900). The file does not say who controls the company. |
Private company | 17 parcels, $230.9M; 1,000,595 sq ftA |
| Simon Property Group (Norfolk Premium Outlets; owner of record Norfolk Outlets, LLC) Simon's 2025 10-K lists Norfolk Premium Outlets, fee, 65.0% ownership, built 2017, 329,789 sq ft, 99.2% leased, with a $73.0M mortgage at 4.50% due 1 Apr 2032 (s18). The Assessor names Norfolk Outlets, LLC as owner of 1600 Premium Outlets Blvd (50.39 acres, $89,289,500). The two are matched by name and address. |
REIT | 329,789 sq ft; 65.0% interestB |
| Old Dominion University Real Estate Foundation and student-housing LLCs Taxable holdings recorded to Old Dominion University Real Estate Foundation (22 parcels, $81.8M), ODU RE Found Student Housing LLC (3, $96.4M) and ODU Monarch Way Student Housing LLC (2, $61.8M). These are separate from the university's own exempt land. |
Institution | 27 taxable parcels, $240.0MA |
| 'Monument Development' LLCs Eleven LLCs named 'Monument Development' (Two, Four, Seven, Ten, Thirteen, Fourteen, Seventeen, Eighteen, Nineteen, Twenty, plus one misspelt 'Seventten') and Monument Norfolk, LLC hold 20 parcels between them, assessed at $110,769,800. Many are near ODU and downtown, for example 150 W Brambleton Ave ($32.2M). The file does not say whether they are under common control. |
Developer | 20 parcels, $110.8M (12 entities)B |
| Office Properties Income Trust (Opi Notex Properties LLC) Two Commercial Place, 100% occupied with 1.0 years of remaining term at 30 Jun 2026 (s16), assessed $52,372,400. OPI has been in Chapter 11 since 30 Oct 2025, with a plan confirmed on 22 Apr 2026 (s15). |
REIT | Two Commercial Place, 289,000 sq ftA |
| Hertz Norfolk 999 Waterside, LLC (Dominion Tower) Bought Dominion Tower for $79,000,000 on 21 Dec 2018; assessed $72,698,300, the highest-assessed office parcel in the FY27 dataset. |
Private company | 421,856 sq ft office (+443,172 sq ft structure)A |
?
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- The hotel the Assessor says has moved into special servicing with a receiver appointed. The Annual Report does not name it, and no document opened here does.
- The 2023 deed consideration for MacArthur Center. The roll keeps only the latest transfer ($0, 23 Jul 2023) and the Clerk's land records are subscription-only, so the purchase cost is given from WHRO as 'about $18 million' all-in, not as a deed price.
- Who is behind the single-asset LLCs: Aurora Tower LLC (Wells Fargo Center), Hertz Norfolk 999 Waterside, LLC, KDI Norfolk 150 W Main Owner LLC, Norfolk District Assoc LLC (Waterside leasehold), Mpb, Inc, EDC Homes and the Monument Development LLCs. None was traced to a parent through a filing or registry opened here, and the Virginia SCC business registry was not used.
- Waterside District lease terms (rent, term, start date) between NRHA/the City and Norfolk District Assoc LLC. Not in the roll; council records were not searched.
- Chrysler Hall's own parcel. No parcel at 215 St Pauls Blvd is in the roll; it is presumed to be the 1972 structure on the City's Cultural Center parcel, which is a match by date and size, not a stated fact.
- Naval Station Norfolk's dry-land acreage. The Assessor's acreage for the six federal parcels (about 14,300 acres) appears to include recorded submerged land, and the Assessor says the values are estimates.
- Norfolk Southern and Dominion Energy holdings beyond the City's roll. Railway and utility operating property may be assessed elsewhere; the class label '624 SCC Properties' hints at this but no document opened says so.
- Whether the title to Eastern Virginia Medical School parcels has changed. The FY27 owner field still reads 'Eastern Virginia Medical School'.
- The tenant of Two Commercial Place. OPI's filings give occupancy and lease term but not the tenant for this building in the pages read.
- Norfolk AIR (air.norfolk.gov) was not used. Its own terms were not read because the open dataset carries the same owner field.
§
Sources
- Property Assessment and Sales - FY27 (owner, values, last transfer with grantor, grantee, consideration, document number; 74,308 rows incl. building extensions), read 14 Oct 2026 — City of Norfolk, Office of the Real Estate Assessor / data.norfolk.gov · openA
- Annual Report of Assessments 2026 (Land Book $30,441,553,100; exempt property $14,354,207,900 by owner group; forced sales) — City of Norfolk, Office of the Real Estate Assessor · openA
- Land Records: Secure Access Internet portal 'available ONLY by subscription'; '$600.00 per year or $50.00 per month' — Norfolk Circuit Court Clerk · openA
- List of Fees (copies $0.50 per page; deed of bargain and sale: state tax, city tax 1/3 of state, grantor's tax) — Norfolk Circuit Court Clerk · openA
- Code of Virginia 58.1-802: grantor tax 50 cents per $500; no deed admitted to record unless 'the amount of the consideration is stated on the first page' — Virginia General Assembly (LIS) · openA
- Code of Virginia 17.1-276: clerk's remote-access fee 'not to exceed $50 per month' per subscriber — Virginia General Assembly (LIS) · openA
- Public Records Portal: Disclaimer (data provided 'AS IS' without warranty) — City of Norfolk · openA
- 440 Monticello Avenue listing: 'Located within the prestigious Wells Fargo Center, a 255,000 SF, Class A office tower'; also lists Chrysler Hall at 215 St Pauls Blvd and Scope Arena at 201 East Brambleton Ave — Downtown Norfolk Council · openA
- TowneBank and CHKD buy Norfolk Southern Tower ('The building sold for $30 million, according to city of Norfolk documentation'; bought jointly as McKinnon Tower LLC) — Virginia Business · openA
- Norfolk to buy MacArthur Center, mayor says no immediate plans for change (deal 'will cost the city about $18 million'; Starwood bought in 2014 for $265 million and defaulted in 2019) — WHRO Public Media · openA
- City of Norfolk Moves Ahead on MacArthur Center Transformation (mall 'scheduled to close by June 30, 2026'; demolition to follow) — City of Norfolk (News Flash archive) · openA
- MacArthur Center redevelopment aims to reconnect downtown streets ('closed for good on June 27'; Hg80 Real Estate master developer; demolition late 2027 to early 2028) — WHRO Public Media · openA
- SevenVenues Event Services (City department; office in Scope Arena, 201 E Brambleton Avenue) — City of Norfolk · openA
- Boyd Gaming Corporation Form 10-Q for the quarter ended 31 Mar 2026: 'Norfolk Agreements' (land purchased 14 Feb 2025; transitional casino opened 7 Nov 2025; full resort expected late 2027) — Boyd Gaming Corporation / SEC EDGAR · openA
- Office Properties Income Trust Form 10-K for 2025 (Schedule III: Two Commercial Place, Norfolk, VA, acquired 12/31/2018, built 1974, gross $27,147k; Chapter 11 filed 30 Oct 2025, plan confirmed 22 Apr 2026) — Office Properties Income Trust / SEC EDGAR · openA
- Office Properties Income Trust Q2 2026 supplemental (Two Commercial Place: 289k sq ft, 100.0% occupied, 1.0 years weighted remaining lease term, as of 30 Jun 2026) — Office Properties Income Trust / SEC EDGAR (8-K Ex. 99.2) · openA
- Building Permits Survey, annual place-level files 2021-2025 (so2021a.txt to so2025a.txt), South Region: Norfolk, Virginia — U.S. Census Bureau · openA
- Simon Property Group Form 10-K for 2025 (Norfolk Premium Outlets: fee, 65.0% ownership, built 2017, 329,789 sq ft, 99.2% leased; mortgage $73,039k at 4.50% due 04/01/32) — Simon Property Group / SEC EDGAR · openA
- Code of Virginia 58.1-801: state recordation tax '25 cents on every $100' of consideration or actual value, whichever is greater — Virginia General Assembly (LIS) · openA